Latest news with #PandoxAB
Skift
15-07-2025
- Business
- Skift
Pandox Consortium to Buy Dalata Hotel for $1.6 Billion
Ireland's largest hotel operator, Dalata, is exiting the public markets. The deal has a good chance of introducing Scandic Hotels to the UK and Ireland markets as manager of most of the hotels. Dalata Hotel Group, Ireland's largest hotel owner and operator, has agreed to a €1.4 billion (about $1.6 billion) sale to a Scandinavian consortium led by Pandox AB and Eiendomsspar AS. The deal, announced Tuesday, will split Dalata's real estate holdings from its hotel operations and follows a strategic review launched earlier this year. It includes 56 hotels and more than 12,000 rooms across Ireland, the UK, Germany, and the Netherlands, operating under the Clayton and Maldron brands. "Dalata's portfolio consist
Bloomberg
15-07-2025
- Business
- Bloomberg
Pandox Consortium Makes €1.4 Billion Offer for Dalata Hotel
A consortium including Pandox AB and Eiendomsspar AS has made a firm €1.4 billion ($1.6 billion) offer for Dalata Hotel Group Plc, which the board of Dalata intends to recommend unanimously. Ireland's largest hotel operator last month rejected an earlier bid from the same consortium, saying it will continue to engage with other bidders in a sale process it launched earlier this year.
Business Insider
20-06-2025
- Business
- Business Insider
Kepler Capital Sticks to Their Buy Rating for Pandox AB (0R8U)
Kepler Capital analyst Albin Sandberg maintained a Buy rating on Pandox AB (0R8U – Research Report) on June 18 and set a price target of SEK205.00. The company's shares closed last Wednesday at SEK163.85. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Sandberg covers the Real Estate sector, focusing on stocks such as Pandox AB, Dios Fastigheter AB, and Castellum AB. According to TipRanks, Sandberg has an average return of -4.8% and a 43.51% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Pandox AB with a SEK205.00 average price target. The company has a one-year high of SEK212.50 and a one-year low of SEK145.80. Currently, Pandox AB has an average volume of 50.76K.
Business Insider
05-06-2025
- Business
- Business Insider
Pandox AB (0R8U) Gets a Buy from Kepler Capital
Kepler Capital analyst Albin Sandberg maintained a Buy rating on Pandox AB (0R8U – Research Report) on June 3 and set a price target of SEK205.00. The company's shares closed last Tuesday at SEK161.57. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Sandberg covers the Real Estate sector, focusing on stocks such as Dios Fastigheter AB, Pandox AB, and Castellum AB. According to TipRanks, Sandberg has an average return of -5.0% and a 41.46% success rate on recommended stocks. Currently, the analyst consensus on Pandox AB is a Moderate Buy with an average price target of SEK205.00.
New Straits Times
04-06-2025
- Business
- New Straits Times
Ireland's Dalata Hotel rejects US$1.5bil buyout proposal from Pandox, Eiendomsspar
KUALA LUMPUR: Ireland's largest hotel group Dalata on Tuesday rejected a 1.3 billion euro (US$1.48 billion) buyout proposal from Scandinavian property companies Pandox AB and Eiendomsspar AS for "materially" undervaluing it. Dalata, which launched a strategic review in March, said Pandox was not participating in its ongoing sale process, which has drawn interest from other potential bidders. The Irish group operates 55 hotels under the Maldron Hotel and Clayton Hotel brands, mostly in Ireland and Britain, and aims to expand its portfolio to 21,000 rooms across Ireland, the UK and continental Europe under its "2030 Vision" strategy. The proposal from the groups had comprised a cash offer of 6.05 euros per ordinary share of Dalata, representing a premium of about 5 per cent to Dalata's closing price on Monday. Shares of Dalata closed up 5.2 per cent at 6.06 euros on Tuesday, their highest since May 2019. It said it continues to engage in "constructive discussions" with other parties who have submitted initial non-binding proposals, without naming who they were. The Pandox-led consortium did not immediately respond to a request for comment on the rebuff by Dalata. Under Irish takeover rules, Pandox and Eiendomsspar had until July 15 to make a formal offer for Dalata or walk away. Norway-based Eiendomsspar is the second largest shareholder in the Irish group with a stake of around 8.8 per cent and in Pandox, in which it has a stake of around 8.5 per cent. Sweden-based Pandox AB specialises in the ownership, development and leasing of large hotel assets in major cities across Sweden and northern Europe. It has been expanding its portfolio through acquisitions and leases in key European cities including Stockholm, Berlin and Brussels. Dalata's adjusted core profit rose 5.1 per cent last year to 234.5 million euros as revenue grew 7.3 per cent to 652.2 million euros, driven by additions to its portfolio over the past two years.
